A combination of high levels of debt issuance and the withdrawal of the Bank of England from the buy-side could leave the British government facing the uncomfortable situation of not being able to find buyers for its debt or paying higher interest on it, a report from the Treasury Select Committee has warned.
"There remains the risk that the combination of the large amount of gilt auctions planned in 2010-11 and the cessation of quantitative easing will result in an excessive supply of UK gilts
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